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TVL $5MAPY 2.65%medium riskUpdated Feb 1, 2025

ankrETH/WETH Convex Deposit

Deposit Curve ankrETH/WETH LP tokens into Convex for boosted yields on this Ankr liquid staking pool.

ProtocolConvex
Networkethereum
SymbolCVXANKRETH-WETH
CategoryYield Vaults
Underlying Assets
ankrETHWETHETHCRVCVX
Contract Address0xb3c4d5e6f7a8b9c0d1e2f3a4b5c6d7e8f9a0b1c2

What is ankrETH/WETH Convex Deposit?

This vault optimizes yields for the Curve ankrETH/WETH pool through Convex Finance. ankrETH is Ankr's liquid staking token, part of Ankr's broader Web3 infrastructure offering that includes RPC services, staking, and developer tools.

Understanding ankrETH and Ankr

Ankr's staking infrastructure:

  1. Multi-Chain Focus: Staking across multiple networks
  2. Infrastructure Provider: RPC nodes, APIs, developer tools
  3. Value Accrual: ankrETH appreciates against ETH
  4. Enterprise Solutions: B2B staking infrastructure

ankrETH is part of Ankr's comprehensive Web3 stack.

How ankrETH Works

Ankr's staking mechanism:

  • Deposit ETH to receive ankrETH
  • Professional validators operated by Ankr
  • Exchange rate increases with staking rewards
  • Liquid and DeFi-compatible

How This Vault Works

  1. Provide ankrETH and/or WETH to Curve pool
  2. Stake LP tokens in Convex vault
  3. Convex applies veCRV boost
  4. Earn staking yield + CRV + CVX
Yield Sources: ETH staking rewards, Curve trading fees, boosted CRV emissions, CVX incentives.

Fee Structure

Convex standard fees:

  • 16% of CRV rewards
  • No deposit/withdrawal fees

Ankr's fee on staking rewards (check current rates).

Ankr Ecosystem Benefits

ankrETH holders access:

  • Ankr's infrastructure network
  • ANKR token rewards programs
  • Cross-chain staking options
  • Developer tool integrations

cvxCRV and Protocol Mechanics

The Convex yield system:

  • cvxCRV represents locked CRV
  • Stakers earn protocol trading fees
  • vlCVX holders vote on gauges
  • Sustainable economics for LPs

Risk Disclosures

Centralization Risk: ankrETH depends on Ankr's staking operations. Infrastructure issues could affect the token. Smart Contract Risk: Exposure to Curve, Convex, and Ankr contracts. Validator Risk: Ankr operates validators. Slashing or performance issues affect ankrETH. Smaller Market Share: ankrETH has lower TVL than major LSDs, potentially meaning less liquidity. Depeg Risk: ankrETH may trade at discount during market stress. Infrastructure Dependency: Ankr's broader business model affects resource allocation to staking. ANKR Token Risk: Some yields may be in ANKR tokens which carry their own volatility.

Related Yield Vaults

USPD/USDC Convex Deposit1.34% APYDOLA/sUSDe Convex Deposit4.65% APYFRAXUSDe Convex Deposit2.50% APYYearn WETH yVault1.82% APYCurve.fi Factory Pool: stETH-ng Convex Deposit1.27% APY
Disclaimer: APY and TVL figures are based on on-chain data and may fluctuate. Past performance does not guarantee future results. DeFi investments carry smart contract, market, and liquidity risks. This content is for informational purposes only and does not constitute financial advice. Always conduct your own research before investing.

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